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KPC says construction work on Kisumu oil jetty starts May

Work on Kisumu oil jetty to start May

Kenya Pipeline Company (KPC) has on Tuesday said it had signed a Sh1.7 billion deal with local marine engineering firm Southern Engineering Company (SECO) for the construction of the Kisumu oil jetty. The local marine...
Bamburi net profit drops, cuts dividend payout

Bamburi net profit drops, cuts dividend payout

Largest cement maker in Kenya by share Bamburi has announced it suffered a 36.21 per cent drop in profit to Sh1.85 billion from Sh2.9 billion a year earlier in half-year net profit for the...

Demand for solar water heaters in Kenya soars

In 2012 Kenya’s energy regulatory commission issued a legal notice to landlords in the country requiring them to install solar water heaters on buildings. The Solar Water Heating Regulations requires all existing buildings within the...
Qatar Development Bank sponsors its second virtual trade show in Africa

Qatar Development Bank sponsors its second virtual trade show in Africa

Following the resounding success of Africa Food Show’s Virtual Edition two months ago, Qatar Development Bank and MIE Groups have joined forces yet again to put together the virtual edition of Africa Build Show,...
Douala Grand Mall construction in Cameroon gets financial drive

Douala Grand Mall construction in Cameroon gets financial drive

Construction of Douala Grand Mall in Cameroon has received a shot in the arm after its developer was awarded  US$33.65 million to support its construction. The funds were provided by Proparco, a subsidiary of Agence...
Construction work starts for largest steel plant in West Africa

Construction work starts for largest steel plant in West Africa

In Liberia, construction of what would be, upon completion, the largest steel plant in West Africa has kicked off, the developer of the project Sethi Brothers Incorporated has confirmed. The plant expected to cost US$22 million,...
Kenya to begin construction of Lamu coal power station

Kenya to begin construction of Lamu coal power station

In Summary Construction of the Lamu coal power station begins after the signing of a major deal between China Power Global and Amu Power The plant is expected to inject 1,050MW into the power...

Completion of new parliament building in Zimbabwe set for 2021

A new parliament building under construction in Zimbabwe will now be completed in September 2021 following Covid-19 disruptions, president Emmerson Mnangagwa said Monday.  But Mr. Mnangagwa said that he was impressed with the work so...
Britam deepens foray into property sector with shopping mall

Britam deepens foray into property sector with shopping mall

In brief The company says it would pursue property development and management as its core business after creating a separate business unit known as Britam Properties (Kenya) Limited Britam has already acquired land worth...
BUA Group acquires majority stake in construction firm P.W. Nigeria

BUA Group acquires majority stake in construction firm P.W. Nigeria

BUA Group, one of Africa’s largest infrastructure companies, has announced its acquisition of majority shareholding in P.W. Nigeria Limited, one of Nigeria’s largest construction, engineering and mining companies. According to BUA, this was necessary to...
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